Identity Theft: Don’t be a Victim

With the value of cryptocurrencies skyrocketing over the past couple of years, both investors and thieves have been attracted to the cryptocurrency realm. Countless people have lost their digital assets due to identity theft, Ponzi schemes, phishing and more.

What is Identity Theft?

Identity theft is a daily occurrence and we need to be vigilant and wide awake to protect ourselves.

The Identity theft is the deliberate use of someone else’s identity, usually as a method to gain a financial advantage or obtain credit and other benefits in the other person’s name, and perhaps to the other person’s disadvantage or loss.

How do they obtain access to your Information?

No one is immune against Identity theft, firstly you have to be vigilant and not just accept and provide your personal information to anyone claiming to be from a reputable institution and also requiring you to update your information.

Identity thieves have come up with a genius way to get access to your computer and so to your personal information.

The identity thieves get in contact with clients and request their information to update it according to FICA regulation. This, of course, is a huge frustration, the identity thieves prey on this frustration and inform the client that they can help them to submit the information electronically. All the client has to do is give access to their computer via TeamViewer.

The identity thieves even help the client set up TeamViewer. They now also have access to the client’s computer and help the client to scan and store their FICA information.

Identity thieves then inform the client that they will open an account for them to store the information for future use.

The identity thieves now have access to the client’s computer as well as his personal information. They now open an account in clients name on a cryptocurrency exchange, which they then transfer the money to the exchange. Therefore they are able to buy cryptocurrency and send it to themselves.

Protect yourself and make sure that you are not a victim of identity theft, which can have devastating effects.

Disclaimer Notice:

This article is intended to educate and should in no way be seen as investment advice or an enticement to use the ice3x.com platform. Bitcoin is highly volatile with big profit opportunities but you should also remember that you could lose part or all of your investment whenever you take part in any high risk investment. Bitcoin trading is not a regulated industry in South Africa, which in itself carries additional risks. IF YOU ARE NOT AN ASTUTE BITCOIN TRADER, SEEK INDEPENDENT FINANCIAL ADVICE BEFORE MAKING ANY INVESTMENTS.